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House is told revenue outlook has weakened; staff to circulate updated figures
Summary
Lawmakers were briefed on revised revenue projections: ongoing revenues down $230 million and one-time money down $110 million; staff will distribute detailed handouts to members. The briefing framed the budget choices for the session.
Representatives were told the state’s revenue outlook has softened, though growth continues. Representative Bigelow said staff had revised the fiscal numbers and were preparing handouts for members, reporting that ongoing revenue projections have fallen by $230,000,000 and one-time revenue has declined by $110,000,000. "Staff Mr. Jonathan Ball indicated that there is still 0.5% growth in our economy projected there," he said.
The Speaker summarized preliminary allocations, saying roughly $427 million in one-time money and $349 million in ongoing funds were available for appropriation during the session, and put the total appropriation pool at about $775 million in the year as presented on the floor. He and the sponsor emphasized the figures are draft numbers and staff were double- and triple-checking the calculations before distribution.
The update framed upcoming budget decisions: sponsors noted that while available funds remain substantial, slower growth will constrain some new spending and that printed detail would be supplied to members before they left the floor.
